Statement re Reportable Segments

RNS Number : 2605H
SEGRO PLC
10 July 2012
 

 

 

10 July 2012

 

 

Changes to reportable segments

 

SEGRO, the leading European owner-manager and developer of industrial property, today publishes re-segmented historical profit and loss and balance sheet data for each of the years to 31 December 2011 and 31 December 2010 and for the half year to 30 June 2011.

 

These re-segmentations follow previously announced changes to our management structure. This included the appointment of Andy Gulliford into the newly created role of Chief Operating Officer ("COO") to manage our operational property teams in both the UK and Continental Europe. The COO is supported in the day-to-day management of operations by five regional Business Unit Directors.   

 

As such, SEGRO has changed its reportable segments from UK and Continental Europe to the following five segments:

 

-     Greater London

-     Thames Valley and the Regions

-     Germany and Northern Europe

-     France and Southern Europe

-     Poland and Central Europe

    

Pro forma historical data has been provided overleaf and is also available to download in excel format on our website: www.segro.com/investors/.  

 

SEGRO will be reporting on this new segmental basis when it publishes interim results for the six months ended 30 June 2012 on 2 August 2012.    

 

 

 


 

FY 2011

Year to 31 December 2011

(£ million)

At 31 December 2011

(£ million)


Gross rental income

Net rental income

Share of JV's EPRA PAT

EPRA operating PBIT

Capex

Directly owned property assets

Investments in JVs

Greater London

81.1

67.7

15.8

89.3

21.0

1,240.8

275.4

Thames Valley and the Regions

129.7

112.9

-

112.2

61.0

1,802.4

-

Germany and Northern Europe

55.3

45.8

0.8

43.4

39.4

714.8

23.0

France and Southern Europe

38.6

33.8

-

32.4

37.6

471.1

0.4

Poland and Central Europe

21.4

18.3

-

17.2

32.0

355.4

-

Other*

-

(7.3)

-

(32.9)

3.2

-

-

Group

326.1

271.2

16.6

261.6

194.2

4,584.5

298.8

 

FY 2010

Year to 31 December 2010

(£ million)

At 31 December 2010

(£ million)


Gross rental income

Net rental income

Share of JV's EPRA PAT

EPRA operating PBIT

Capex

Directly owned property assets

Investments in JVs

Greater London

94.3

76.7

9.9

88.2

7.7

1,294.6

254.3

Thames Valley and the Regions

139.2

117.6

(0.2)

117.3

31.6

1,880.5

1.0

Germany and Northern Europe

55.3

47.2

1.0

43.6

21.6

801.9

24.1

France and Southern Europe

37.5

32.6

0.1

30.4

5.1

488.7

0.4

Poland and Central Europe

18.3

14.6

-

12.5

12.2

330.3

-

Other*

-

(6.6)

-

(36.4)

6.3

-

-

Group

344.6

282.1

10.8

255.6

84.5

4,796.0

279.8

 

H1 2011

Six months to 30 June 2011

(£ million)

At 30 June 2011

(£ million)


Gross rental income

Net rental income

Share of JV's EPRA PAT

EPRA operating PBIT

Capex

Directly owned property assets

Investments in JVs

Greater London

40.5

34.2

9.5

45.4

11.6

1,297.2

269.4

Thames Valley and the Regions

64.6

56.2

-

55.9

18.6

1,871.8

-

Germany and Northern Europe

27.2

22.9

0.2

21.6

16.3

846.1

25.4

France and Southern Europe

18.9

16.8

-

15.9

13.1

525.1

0.4

Poland and Central Europe

10.3

9.1

-

8.3

12.8

365.9

-

Other*

-

(3.7)

-

(15.9)

2.1

-

-

Group

161.5

135.5

9.7

131.2

74.5

4,906.1

295.2

 

*Other comprises corporate centre costs as well as property and administration costs relating to the operational business which are not specifically allocated to a geographical business unit.


 

 

- ENDS -

 

 

 

For further information please contact:

 

SEGRO

 

Justin Read (Group Finance Director):  +44 (0) 207 451 9110

 

Kate Heseltine (Investor Relations Manager):  +44 (0) 207 451 9042

 

Tulchan

 

John Sunnucks/David Shriver: +44 (0) 20 7353 4200

 

 

About SEGRO:

SEGRO is Europe's leading owner-manager and developer of industrial property. The Group is a Real Estate Investment Trust (REIT), listed on the London Stock Exchange. SEGRO's portfolio comprises £5.1 billion of predominantly industrial and warehouse assets concentrated in and around major business centres and transportation hubs such as ports, airports and motorway intersections. The Group serves over 1,600 customers spread across many geographies and different industry sectors. It has 5.5 million sq m of built space and a passing rent roll of £334 million (as at 31 December 2011).  For further information see www.SEGRO.com


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